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890 S Magnolia Avenue, Ontario, CA 91762

$2,650,000 Approx. USD 0 beds, 0 baths

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Donald Hinton | don.hinton@evrealestate.com
Lic#: 00575959
Broker: Courtesy of Engel & Voelkers La Canada
Phone: (818) 421-9071

Agent Remarks

Excellent development opportunity. The HDR-45 zoning allows development of 45 units per acre. The property is approximately 69,000 SF which would allow development of up to 71 apartments or condominiums. This is the last parcel(s) of high-density residential land on S. Magnolia and is adjacent to a 75-unit apartment building developed in 2019. Includes parcel #'s 1011-371-16-0000 and 1011-371-15-0000.The property has been entitled for 49 apartment units; however, a buyer may pursue new entitlements for 71 units. The property is currently improved with a 2-bedroom, 2 bath single family residence that was built in 1926. The property has been priced based upon land value and the single-family residence does not contribute value to the property. The single-family home is currently rented month to month for $2,300/mo. The excess land is currently rented month to month for $275/mo. to a nursery, and the nursery tenant maintains the excess land. Please submit all offers using the CAR Residential Purchase Agreement. Buyer to cooperate with Seller's exchange. Drive by Only, Do Not Disturb the tenants. Asking price is $2,650,000 which is $37,324/Unit based upon 71 units and $38.40/‌‌‌‌‌‌‌‌‌‌‌‌ SF.

Listing Details

Property type: (Lots/Land)

Status: Active

MLS# P1-28323

Price: $2,650,000

HOA Fee is $0.00

Beds: 0

Baths: 0

1.58 acres

Lot size: 1.5840

Subdivision: Other

County: San Bernardino

Zoning: HDR-45

Lot description: Level

MLS area: 686 - Ontario

Last Updated: 8/5/2026

Days On Market (DOM): 6

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This listing belongs to the 686 - Ontario MLS area

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Lat/Long: 34.054267, -117.672620.
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